NU Online News Service, Feb. 26, 3:09 p.m. – Clark/Bardes Consulting Inc., Barrington, Ill., is reporting $9.8 million in net income for the fourth quarter of 2002 on $95 million in revenue, up from $7.1 million in net income on $80 million in revenue for the fourth quarter of 2001.

The compensation and benefits consulting firm says its executive benefits practice generated $4.2 million in operating income for 2002 on $32 million in revenue, down from $12 million in operating income on $43 million in revenue for 2001. Some of the decrease in revenue at the practice was due to a change in the way it recognizes revenue for administrative services, the company says.